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Overbought Near Term $1305.1-$1295.1.....>

GOLD TECHS
GOLD TECHS: Overbought Near Term $1305.1-$1295.1 Support
*RES 4: $1350.1 9 month bull channel top projection
*RES 3: $1337.6 Nov 9 high
*RES 2: $1326.2 Aug 29 high
*RES 1: $1313.8 Intraday high
*PRICE: $1308.7 @1610GMT
*SUP 1: $1305.1 Aug 29 low
*SUP 2: $1300.9 Aug 18 high, now support
*SUP 3: $1295.1 Aug 25 high, now support
*SUP 4: $1286.5 Congestion area Aug 18-25
*COMMENTARY* A sharp spike lower last Friday found support from above the Aug 1
high at $1274.2. This thereby keeping near term momentum with the topside. The
subsequent break back above $1294.4 confirmed this, followed by breaks above the
Aug 18 high at $1300.9 and then the 76.4% Fibo retrace level at $1315.7. A high
of $1326.2 so far, as we look towards $1337.6-$1352.5 as the next target area.
Overbought near term, $1305.1-$1295.1 support.

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